Award

Baseline profit rate and capital servicing rates assurance services

SINGLE SOURCE REGULATIONS OFFICE

This public procurement record has 6 releases in its history.

Award

15 Oct 2018 at 12:23

TenderAmendment

13 Aug 2018 at 17:20

TenderAmendment

31 Jul 2018 at 11:36

TenderAmendment

26 Jul 2018 at 14:09

TenderAmendment

26 Jul 2018 at 12:16

Tender

26 Jul 2018 at 12:06

Summary of the contracting process

The Single Source Regulations Office is seeking proposals for a three-year independent assurance service regarding the baseline profit rate and capital servicing rates. This tender, titled "Baseline profit rate and capital servicing rates assurance services," falls under the administration, defence, and social security services category. The location for delivery is London, with the contract period commencing on 1st October 2018 and concluding on 31st March 2021. The tender process is currently at the award stage, with the opportunity having been published on 26th July 2018, and the tender period ending on 20th August 2018. The procurement method employed is an open procedure, which is generally open to all suppliers below the threshold value of £75,000.

This tender presents a significant opportunity for businesses specialising in assurance services, particularly those experienced in financial analytics, transfer pricing principles, and compliance reporting. Small and medium-sized enterprises (SMEs) with expertise in auditing or consultancy in the public sector could find this contract particularly suitable. Additionally, firms that can provide independent verification and possess a strong understanding of financial methodologies will benefit from engaging in this process, potentially leading to a long-term partnership with a governmental body.

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Notice Title

Baseline profit rate and capital servicing rates assurance services

Notice Description

The SSRO is seeking an independent assurance service for three consecutive years in relation to the baseline profit rate and capital servicing rates that it will respectively recommend to the Secretary of State in January 2019, January 2020 and January 2021. This service will take the form of independent assurance on the execution of the methodology to calculate the rates and will involve: a) Scrutiny of the records of the SSRO's decision process to assess comparator companies in each of the four activity types ('develop and make', 'provide and maintain', 'ancillary services' and 'construction') to ensure they are consistent with the published methodology. This will require an understanding of transfer pricing principles upon which the methodology is based. b) Verification of whether the SSRO's Microsoft Excel based model calculates the baseline profit rate and capital servicing rates in accordance with paragraph 3.8 and Sections 9 to 11 of the methodology. c) Verification that graphs, charts, and summary tables are linked correctly to the model outputs. d) Submission of the findings for the assurance activities a), b) and c) in the form of written reports to the Regulatory Committee. The first report will cover preliminary assessment of a). The final report will cover the final assessment of a), b) and c). Additional information: Yearly duration of the services The SSRO will require the three-year assurance service to be undertaken from November to January of each of the financial years 2018/19, 2019/20 and 2020/21. Year 4 option quote Please also submit a standalone quote for the Year 4 option. Provision has been made in the Pricing rates. Additional services rates Please submit a standalone quote for daily rates for any additional services that we may request. Provision has been made in the Pricing Schedule.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ecbeecfc-af7b-4655-8f3e-8a33a698f1dc
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f8019bed-a4d7-4781-8656-7d74a49efdec
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

75 - Administration, defence and social security services


CPV Codes

75000000 - Administration, defence and social security services

Notice Value(s)

Tender Value
£75,000 Under £100K
Lots Value
Not specified
Awards Value
£81,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
15 Oct 20187 years ago
Submission Deadline
20 Aug 2018Expired
Future Notice Date
Not specified
Award Date
13 Sep 20187 years ago
Contract Period
30 Sep 2018 - 30 Sep 2021 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
SINGLE SOURCE REGULATIONS OFFICE
Contact Name
The Single Source Regulation Office
Contact Email
tenders@ssro.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
EC4A 1AB
Post Town
Central London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
City of London
Electoral Ward
Farringdon Without
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

BDO

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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